Research On Credit Management System About Small And Medium Enterprises

Credit is the base of the market economy. Without the credit, the link of the trade will be broken up. The market economy can't run efficiently and orderly. Recent years, however, small and medium enterprises are failure to construct the reasonable credibility system, which satisfy the basic requirement of modern market economy. The trouble of business credit in China enlarges the transaction cost and reduces the efficiency of market function. Furthermore it destroys the fair competition spirit and market order directly. From this point of view, being honesty and credibility is not only the basic requirement for small and medium enterprises, but also the key condition which relate to whether the socialism market economy can run efficiently and orderly.It seems that the problem attributes to range of ethics, but its essence attributes to mechanism of credit. That is to say, the problem is the result of the imperfect system. This problem includes either the same questions which faced by western country during their modernization process or the special questions owning to China such as small and medium enterprises credit system and government actions. Because economic man will alter his expectation for future income along with the transition of the system and he will revise his action decision-making, system always can affect his final action. If the games occur repeatedly under the same system, people will pay great attention to his own credit for the long run. Therefore, it is important to research and explore the way how to construct the credit management system about small and medium enterprises so that provide a system guarantee for our social. Also, it is the purpose of this article.Starting with the character of the problem, this article analyzes the present situation of small and medium enterprises credit failure in China and its harm to socialism market economy and then indicates that it is imperative to construct and perfect the small and medium enterprises credit management system. Credit is a non-economy problem. But here we discuss the condition from the point of Modern Economics when credit mechanism that bring into play, and on this basis we further research the value of credit in our market. Thus what kind of system environment could solve small and medium enterprises credit failure problem is discovered from the point of Economics and the theoretical foundation is offered for us. Then, the countermeasure of the small and medium enterprises credit management system of our country are brought out through combing with experience and lesson of American's small and medium enterprises credit system construction.Finally, index system of credit rating for small and medium enterprises is studied, and a kind of more practical method about small and medium enterprises credit rating that is explained especially.